HUMC CARDIOVASCULAR PARTNERS PC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

DANIEL VARGA

Phone

5513677160

Tax Period

2024-01-01 to 2024-12-31

HUMC CARDIOVASCULAR PARTNERS PC, founded in 2009, is a micro nonprofit in the Diseases & Disorders sector that reported $5K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Net assets of $7.5M represent 18560 months of operating reserves.

Mission

THE ORGANIZATION PROVIDES HIGH QUALITY MEDICAL CARE TO THE COMMUNITY THAT IT SERVES AND SPECIFICALLY PROVIDES CARDIOLOGY & RELATED PROFESSIONAL MEDICAL SERVICES IN CONJUNCTION WITH HMH HOSPITALS CORP.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

PROVIDING MEDICALL NECESSARY HEALTHCARE SERVICES DIRECTLY TO PATIENTS THROUGH THE PHYSICIANS EMPLOYED BY THE CORPORATION. ALSO, PROVIDING ADMINISTRATIVE, SUPERVISORY, TEACHING, COVERAGE AND RESEARCH SERVICES TO HMH HOSPITALS CORPORATION; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, IN FUTHERANCE OF ITS PRIMARY TAX-EXEMPT PURPOSE IN PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY. ACCORDINGLY, THE CORPORATION IS A INTEGRAL PART OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETOWRK.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,835

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $4,835

TOTAL EXPENSES $4,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,835	$11,416	-0.6%
Expenses	$4,835	$11,325	-0.6%
Net Income	$0	$91	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$830,857

Total Directors

$8,388,729

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL VARGA MD	SHAREHOLDER	55.00	Director	$0	$291,140	$3,367,459
ANKITKUMAR PATEL MD	PHYSICIAN - TERMED 1/31/2024	55.00	Director	$0	$16,997	$862,142
DAVID LANDERS	EXECUTIVE DIRECTOR	55.00	Officer Director	$0	$60,180	$830,857
GRANT SIMONS	PHYSICIAN	55.00	Director	$0	$56,650	$793,881
DAVID SILBER DO	PHYSICIAN	55.00	Director	$0	$17,838	$681,479
BABACK ADIBI MD	PHYSICIAN	55.00	Director	$0	$56,280	$677,015
SAMEER JAMAL MD	MEDICAL DIRECTOR	55.00	Director	$0	$17,837	$598,805
RONALD STROBEL MD	PHYSICIAN	55.00	Director	$0	$59,346	$577,091

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,835	$4,835	$7,548,463	No data
2023	$11,416	$11,325	$7,560,675	$91
2022	$51,711,930	$51,711,930	$34,724,139	No data
2021	$45,317,775	$45,317,775	$11,041,395	No data
2020	$49,930,077	$49,930,075	$5,352,234	$2
2019	$46,284,232	$46,284,232	$8,451,398	No data
2018	$43,752,823	$43,752,823	$9,214,778	No data